The cooperative banking association earned better in the past year and strengthened its market leadership in the mortgage business. The pandemic did not result in any deep cuts.
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The Raiffeisen banks were able to increase their mortgage volume again in 2020.
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The Raiffeisen Group hardly lost any of its robustness in the past Corona year. Because it was able to maintain the level of income and at the same time cut costs, profits increased by 3% to CHF 860.6 million. The basis for this solid result was once again the interest business, which with a share of 70% is by far the strongest source of income in the group.
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